Hi guys,
this is a simple harmonic pattern that's setting up on the 4hr chart on USDCHF. It meets my personal rules and so i can take it at the D completion point, without waiting for additional confirmation. But you could nevertheless wait and see how price will react at this zone and then decide whether to enter short or not, it's a valid reasoning too. Stops above X, targets at 382 and 618 of AD leg.
If you want to share your view or simply ask questions, feel free to comment below.
Otherwise, see you in the next chart!
this is a simple harmonic pattern that's setting up on the 4hr chart on USDCHF. It meets my personal rules and so i can take it at the D completion point, without waiting for additional confirmation. But you could nevertheless wait and see how price will react at this zone and then decide whether to enter short or not, it's a valid reasoning too. Stops above X, targets at 382 and 618 of AD leg.
If you want to share your view or simply ask questions, feel free to comment below.
Otherwise, see you in the next chart!